The 444 municipalities spanning Ontario will not be given the same power as the city of Toronto to impose a local land transfer tax.Municipal Affairs Minister Ted McMeekin surprised the Opposition during question period Tuesday by announcing the Liberal government would not allow towns and cities to impose their own land transfer tax on top of the ...

The surging growth of the Greater Toronto Area is putting new pressure on Milton.In 1955, less than 3,000 people lived in the town located about 55 kilometres west of Toronto. But between 2006 and 2011, Milton's population grew by 56 per cent, earning it the title of Canada's fastest growing community.Located next door to ...

Most ReadLand purchase adds investment opportunities in CalgaryA land purchase on the western outskirts of downtown Calgary will open up investment opportunities in the area, say experts.National home sales down in JanuaryNational home sales activity decreased month-over-month in January 2015, according to new figures, but the Canadian ...

It’s not clear how far oil prices may drop or for how long they’ll stay down,” says CREA economist Gregory Klump. “How that plays out may affect the outlook for interest rates, jobAARON HARRIS / TORONTO STAR FILE PHOTO“With mortgage rates remaining at historic lows since the summer, activity has remained stronger for ...

Milton Canadian ChampionWith its historic charm and 180 shops and services, Downtown Milton is a preferred destination not just for locals, but those throughout the GTA.People love Downtown Milton for its small town character and wide variety of unique stores and restaurants, as well as the vibrant events organized by the ...

In what will surely become a landmark move, the Québec Federation of Real Estate Boards (QFREB) has filed an application for authorization to institute a class action suit against a major for-sale-by-owner player in the province. The proposed lawsuit accuses for sale by owner (FSBO) company DuProprio of “systematically ...

It may be a bitter pill to swallow for boomers headed into retirement with only meagre returns on fixed-income investments, but the advice of a leading real estate expert may keep others from following their lead.“Many Canadians today are having trouble with their retirement strategy and they are worried about outliving their ...

Buyers finally out of hibernationWritten by Grainne Burnsfont size Print E-mail 1 commentRate this item12345(0 votes)Home buyers are finally stepping out of their winter slumber and snapping up new listings.Property seekers are finally seeing some sunshine in the market with a litany of new listings ...

At last, homeownership is within the grasp of some Canadians but their choices may be somewhat limited.Houses have become “slightly” more affordable for the average Canadian but they will have to think small.According to RBC’s latest Housing Trends and Affordability report, household incomes outpaced a modest rise in mortgage ...